Colliers are excited to offer for sale Woolworths Coomera East Shopping Centre, a high performing Woolworths anchored Neighbourhood Shopping Centre strategically located in the booming Northern Gold Coast Growth Corridor, 28km north from Surfers Paradise and 56km south of Brisbane Central Business District.

The 3,869m² (GLA) Neighbourhood Shopping Centre is anchored by a full line Woolworths & BWS, and supported by seven other specialty tenants including TerryWhite Chemmart. The Centres performance is underpinned by the catchment’s current population growth, which is forecast to grow at almost two times the South East Queensland benchmark.

A development approval exists on the Southern boundary of the site for a 6-level building comprising of approximately 2100m² of retail/commercial accommodation and 51 residential apartments.

• 15 years to Woolworths lease with options to 2076
• Woolworths secures 83% of GLA
• WALE of 10.2 years (By area) and 8.7 (By income)
• Specialty tenants feature 4% or CPI p.a. rental reviews
• 93% of Centre GLA secured by National retailers
• Includes a DA for 6 level Retail/ Commercial and Residential building.

Expressions of Interest closing 2.00pm (AEST) on Wednesday, 17 July 2024.

*All figures are approximate only